Eton Park Capital Management Exits Position in Gaming and Leisure Properties Inc (GLPI)

Gaming and Leisure Properties Inc (GLPI) : Eton Park Capital Management has sold out all of its stake in Gaming and Leisure Properties Inc during the most recent quarter, according to the disclosure filed by the company on Aug 15, 2016 with the SEC. The investment management company has sold out 100,000 shares of Gaming and Leisure Properties Inc which is valued at $3,541,000.

Other Hedge Funds, Including , Pdt Partners added GLPI to its portfolio by purchasing 72,610 company shares during the most recent quarter which is valued at $2,571,120. Gaming and Leisure Properties Inc makes up approx 0.15% of Pdt Partners’s portfolio.Janus Capital Management boosted its stake in GLPI in the latest quarter, The investment management firm added 6,200 additional shares and now holds a total of 25,900 shares of Gaming and Leisure Properties Inc which is valued at $917,119. Stevens Capital Management Lp added GLPI to its portfolio by purchasing 55,698 company shares during the most recent quarter which is valued at $1,972,266. Gaming and Leisure Properties Inc makes up approx 0.08% of Stevens Capital Management Lp’s portfolio.Tiaa Cref Investment Management boosted its stake in GLPI in the latest quarter, The investment management firm added 1,339,114 additional shares and now holds a total of 3,808,045 shares of Gaming and Leisure Properties Inc which is valued at $134,842,873. Gaming and Leisure Properties Inc makes up approx 0.10% of Tiaa Cref Investment Management’s portfolio.I.g. Investment Management Ltd. boosted its stake in GLPI in the latest quarter, The investment management firm added 184,955 additional shares and now holds a total of 198,916 shares of Gaming and Leisure Properties Inc which is valued at $7,051,572. Gaming and Leisure Properties Inc makes up approx 0.03% of I.g. Investment Management Ltd.’s portfolio.

Gaming and Leisure Properties Inc opened for trading at $35.2 and hit $35.2 on the upside on Wednesday, eventually ending the session at $34.76, with a gain of 0.40% or 0.14 points. The heightened volatility saw the trading volume jump to 2,022,073 shares. Company has a market cap of $7,130 M.

On the company’s financial health, Gaming and Leisure Properties Inc reported $0.39 EPS for the quarter, missing the analyst consensus estimate by $ -0.11 based on the information available during the earnings call on Aug 9, 2016. Analyst had a consensus of $0.50. The company had revenue of $207.40 million for the quarter, compared to analysts expectations of $211.37 million. The company’s revenue was up 38.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.66 EPS.

Many Wall Street Analysts have commented on Gaming and Leisure Properties Inc. Gaming and Leisure Properties Inc was Upgraded by Morgan Stanley to ” Overweight” on Sep 7, 2016.

Gaming and Leisure Properties Inc. (GLPI) is a self-administered and self-managed real estate investment trust (REIT). The Company is engaged in the business of acquiring financing and owning real estate property to be leased to gaming operators in triple net lease arrangements. Triple net leases are leases in which the lessee pays rent to the lessor as well as all taxes insurance and maintenance expenses that arise from the use of the property. The Company operates in two segments: GLP Capital L.P. (a wholly owned subsidiary of GLPI through which GLPI owns all of its real estate assets) (GLP Capital) and the TRS Properties. The GLP Capital segment consists of the leased real property and represents the Company’s business. The TRS Properties segment consists of Hollywood Casino Perryville and Hollywood Casino Baton Rouge.

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